What is typically a requirement for the release of funds from an escrow account?

The release of funds from an escrow account is typically contingent upon the completion of specific tasks that have been mutually agreed upon by the parties involved. An escrow account is designed to hold funds securely until certain conditions are met, ensuring that both the buyer and seller fulfill their contractual obligations.

When the agreed-upon tasks—such as the completion of services, delivery of goods, or other performance milestones—are completed satisfactorily, the escrow agent is authorized to release the funds to the appropriate party. This mechanism protects all parties by ensuring that payments are only made when conditions are fulfilled, thereby minimizing the risk of non-performance or breach of agreement.

While the other options may seem relevant in certain contexts, they do not specifically align with the core function of an escrow account, which fundamentally revolves around the fulfillment of predefined conditions or tasks.